GBPUSD: Long against support

We can go long GBPUSD here. Sentiment is at a bearish extreme and I don't think we'll see follow through to the downside when oil , the yen and other dollar pairs are stuck in a triangle (due to market awaiting FOMC outcome).
Stop should be below 1.3128.
I'm risking half on this and the AUDUSD long (see related ideas), while I hold my SPX short from 2187.5 (covered half today at 2133.4, my stop was 2194.6, and I took a NAS100 long that you can see in related ideas, which also is related to these fundamental and sentiment developments)

Good luck,

Ivan Labrie.

2 months ago

Comment:
(I'm long from 1.3174, I announced it in the 'Key Hidden Levels' chatroom earlier)

2 months ago

Trade closed manually:
I prefer to shift my focus to oil, usdcad and audusd. GBPUSD didn't act so good today.

2 months ago

Comment:
Talk about a timely exit!We have to wait now, for dust to settle, the long side remains viable (similar to EURUSD) but I'd rather trade the Euro this time.